DGAP-News: EMISSION&POWER SOLUTIONS AND UNIVERSITY OF MARYLAND ENTER SPONSORED RESEARCH AGREEMENT
(firmenpresse) - DGAP-News: Emission&Power Solutions Inc. / Agreement
EMISSION&POWER SOLUTIONS AND UNIVERSITY OF MARYLAND ENTER SPONSORED
RESEARCH AGREEMENT
19.08.2010 / 09:00
Dissemination of a Corporate News announcement, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EMISSION&POWER SOLUTIONS AND UNIVERSITY OF MARYLAND ENTER SPONSORED
RESEARCH AGREEMENT
LONDON, 19 August 2010
Emission&Power Solutions, Plc ('EPS') (Ticker: EPI.F, Bloomberg ticker:
EPI:GR), announces it has entered a Sponsored Research Agreement (SRA) with
the University of Maryland to develop commercial prototypes of its patented
sensor technology. Eric Wachsman, Ph.D., the inventor of the technology
and Director of the University's Energy Research Center, will lead the
research project. Dr. Wachsman stated 'These sensors are unique in their
ability to selectively measure NOx and CO and I am glad to be able to
translate years of research into a commercial product.'
EPS holds the exclusive license to develop and market the novel solid-state
sensors that selectively detect and measure combustion gases such as CO and
NOx. These small, simple sensors are highly sensitive to combustion gases
and can be readily combined on a single chip to provide a multifunctional
sensor. The sensor can detect parts per million levels of CO and NOx and
may be used to improve combustion control, as well as meet emissions
monitoring regulations, including the impending on-board diagnostics
regulations from the Environmental Protection Agency.
EPS Chairman Erik Ulsteen stated 'EPS is committed to developing innovative
products that improve fuel economy and performance while reducing emissions
and maintenance of diesel and gasoline engines. We believe this novel
technology for controlling and measuring emissions can be a disruptive,
breakthrough product in the marketplace. We are very enthusiastic about
working with Dr. Wachsman's team at the University of Maryland and
delivering prototypes to Original Equipment Manufacturers (OEMs) in the
near term.'
About EPS:
EPS is a 'clean tech' company that licenses, acquires, develops, deploys,
and transfers technologies dedicated to improving fuel economy while also
reducing environmentally harmful exhaust emissions. EPS is a publicly
listed company that trades on the Frankfurt Exchange and the Xetra platform
under symbol EPI.
This news release may contain 'forward-looking statements' about the
business, financial performance and prospects of the Company. Statements
about the Company's or management's plans, intentions, expectations,
beliefs, estimates, predictions, or similar expressions for the future,
including any statements regarding the payment of any dividend or capital
reduction or the timing and amount of such payment, are forward-looking
statements. No assurance can be given that the outcomes of these
forward-looking statements will be realized, and actual results could
differ materially from those expressed as a result of various factors. A
discussion of these factors, including risks and uncertainties, is set
forth from time to time in the Company's filings.
For more information about EPS please visit www.epsaves.com or please
contact:
North America:
Ross Silver
Investor Relations
Vista Partners
+ 1 877.215.4813
info(at)vistap.com
www.vistap.com
Europe:
Harald Jurkschat
Investor Relations
Pro Patrimonio
+41 (0)44 772 10 11
info(at)propatrimonio.ch
www.propatrimonio.ch
End of Corporate News
19.08.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP. Media archive at www.dgap-medientreff.de and
www.dgap.de
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96725 19.08.2010
Datum: 19.08.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 32036
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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